Australia has officially closed a legal loophole such that as of today, it is no longer legal to charge a credit card surcharge that is higher than the cost of taking the payment itself. That adds up to about a 1.5 percent interchange fee for...
Those looking forward to the day when they can use Apple Pay down under (with a card issued by an Australian bank) may be waiting for a bit longer. Reports in The Sydney Morning Herald indicate that Australia’s banks are less than wholly enthused to...
The European Parliament voted overwhelmingly on Tuesday (March 10) to cap payment card interchange fees for consumer payments, according to Finextra. The 621-to-26 vote came after a deal was struck in December between lawmakers and the EU Council to set the caps at 0.2 percent...
Google is one of dozens of merchants who asked a New York court on Friday (Jan. 30) to dismiss their lawsuits against Visa and MasterCard claiming that the card brands conspired to fix interchange fees for credit cards, Law360 reported on Monday (Jan. 2). As...
September 01, 2017
Australia has officially closed a legal loophole such that as of today, it is no longer legal to charge a credit card surcharge that is higher than the cost of taking the payment itself. That adds up to about a 1.5 percent interchange fee for Visa or Mastercard, or just 0.5 percent for a debit […]
August 17, 2015
Those looking forward to the day when they can use Apple Pay down under (with a card issued by an Australian bank) may be waiting for a bit longer. Reports...
March 11, 2015
The European Parliament voted overwhelmingly on Tuesday (March 10) to cap payment card interchange fees for consumer payments, according to Finextra. The 621-to-26 vote came after a deal was struck...
February 04, 2015
Google is one of dozens of merchants who asked a New York court on Friday (Jan. 30) to dismiss their lawsuits against Visa and MasterCard claiming that the card brands...
